India's Finance Minister, Nirmala Sitharaman, has reaffirmed the Modi government’s strategic focus on transforming the country into a developed economy by 2047, emphasizing fiscal discipline and investment in sunrise sectors as key pillars of this vision. Speaking during her U.S. visit, she highlighted India's robust approach to managing fiscal deficits, even during the pandemic, and outlined the government’s commitment to inclusive growth across core demographic segments—women, youth, farmers, and the underprivileged.

In a strategic move to bolster India’s industrial infrastructure, Arete Group has announced a Rs. 1,200 crore investment to develop the second phase of its Payal Industrial Park (PIP) in Dahej, Gujarat. Positioned within the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), the 850-acre expansion aims to attract a spectrum of chemical industries including agrochemicals, dyes, and specialty chemicals.

In a bold bid to combat soil degradation and toxic metal contamination in agriculture, the Uttar Pradesh government has launched a comprehensive Rs. 2,500 crore initiative to transition more than 2.5 lakh farmers to natural farming methods. The program, covering 282 blocks and over 2,100 gram panchayats, is part of a broader push to promote chemical-free, sustainable agriculture.

India’s leather and footwear industry has witnessed a robust rebound, with exports climbing nearly 25% year-over-year to reach USD 5.7 billion in FY2024–25. The Council for Leather Exports (CLE) anticipates this momentum will drive the sector past the USD 6.5 billion mark in the current fiscal. Strong demand from key markets like the US and the UK, stable order books, and increasing global interest in Indian manufacturing are propelling growth despite global uncertainties and tariff pressures.

Real estate firm TREVOC Group has announced a strategic investment of Rs. 200 crore to spearhead residential development in Haryana’s emerging Tier-2 cities, including Sohna, Sonipat, Panipat, Kundli, and Karnal. The Gurugram-based company aims to capitalize on rising urban aspirations, expanding infrastructure, and accelerating demand in these non-metro hubs. The capital will be deployed toward land acquisition, development activities, regulatory clearances, and brand establishment.

In a sweeping crackdown on tax evasion, India's Central and State GST enforcement agencies have exposed a staggering Rs. 61,545 crore worth of fraudulent input tax credit (ITC) claims for the financial year 2024–25. Authorities uncovered 25,009 fake firms operating across the country solely to generate bogus credits under the GST regime. Swift enforcement measures resulted in Rs. 1,924 crore recovered and 168 arrests. In a two-year span, over Rs. 1.01 lakh crore in tax fraud has been detected.

Krutrim, the artificial intelligence subsidiary of Ola, has categorically denied reports suggesting it is engaged in fundraising efforts amounting to USD 300 million. In a strongly worded statement, the company clarified that it is not seeking external equity investment and labeled the media report in question as factually incorrect. Backed firmly by internal funding from its promoter and select strategic investors, Krutrim emphasized its continued focus on executing its long-term AI roadmap.

In a significant policy shift aimed at enhancing economic transparency and timely decision-making, the Indian government will begin releasing unemployment data on a monthly basis starting May 15. Previously published quarterly, the data will now be updated more frequently to better align with global standards and improve economic forecasting. The first release will cover employment figures for January, February, and March 2025. Officials say the methodology behind the data remains statistically robust and representative.

In a significant policy shift aimed at enhancing economic transparency and timely decision-making, the Indian government will begin releasing unemployment data on a monthly basis starting May 15. Previously published quarterly, the data will now be updated more frequently to better align with global standards and improve economic forecasting. The first release will cover employment figures for January, February, and March 2025. Officials say the methodology behind the data remains statistically robust and representative.

In a decisive move to scale its manufacturing operations and align with India’s industrial growth trajectory, Toshiba Energy Systems & Solutions Corporation, through its Indian subsidiary Toshiba Transmission & Distribution Systems (India) Pvt. Ltd. (TTDI), has inked a Memorandum of Understanding (MoU) with the Government of Telangana. The agreement outlines a Rs. 562 crore investment to expand production capacity at TTDI’s Hyderabad facility. The expansion will not only bolster domestic and export capabilities but is expected to create over 250 direct jobs.